my bro is 19 years old and finally got a job. he has been working for about 2 months, this is first time filing taxes do you think he should file for it?
2007-12-28 13:43:43 · 6 answers · asked by Fresh Kid 1 in Business & Finance ➔ Taxes ➔ United States
Even if he is below the limit at which he is legally required to file a return, he should anyway, so that he can get a refund of taxes withheld.
2007-12-28 13:48:39 · answer #1 · answered by robertdr60 3 · 1⤊ 0⤋
Actually, it is not required by the IRS, only paying your taxes is required. If he is not being claimed as a dependent on your parents' return, he can earn up to $8,750 before you are required to file or have to pay taxes. If he has only worked 2 months, I suppose that is possible. However, you cannot receive a refund unless you file. Chances are he would be entitled to one, depending on his circumstances. Finally, as a first time filer, he won;t be able to file electronically. Hope this helps good luck to you both, have a great new year.
2007-12-28 13:57:55 · answer #2 · answered by RANDALL M 3 · 0⤊ 0⤋
Yes - Even though he may not be required because his income more than most likely falls under the minimum amount to be required to file, he may have a refund coming. If he was paid contract labor - he's required to file and will owe.
2007-12-28 14:01:41 · answer #3 · answered by Dominicks Granny 4 · 0⤊ 0⤋
If he's a dependent, like of your parents, he is required to file if he made over $5350 for the year. If he's not a dependent, then he's required to file if he made over $8750 for the year.
If he didn't make that much, but if anything was withheld for federal income tax, then he should file to get it refunded to him.
2007-12-28 14:16:55 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Yes it is required by the IRS. There is a small limit though in income where you don't have to file, but it is very low.
2007-12-28 13:46:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes. It's good to get into the habit, and his first-time filing will be easy.
Add: It's not required by the IRS until he earns more than $8,450
2007-12-28 13:47:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋